Commonhold and Leasehold Reform Act 2002
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Change 1
55 Termination by court
(1) This section applies where the court makes an order by virtue of section 6(6)(c) or 40(3)(d) for all the land in relation to which a commonhold association exercises functions to cease to be commonhold land. (2) The court shall have the powers which it would have if it were making a winding-up order in respect of the commonhold association. (3) A person appointed as liquidator by virtue of subsection (2) shall have the powers and duties of a liquidator following the making of a winding-up order by the court in respect of a commonhold association. (4) But the order of the court by virtue of section 6(6)(c) or 40(3)(d) may— (a) require the liquidator to exercise his functions in a particular way; (b) impose additional rights or duties on the liquidator; (c) modify or remove a right or duty of the liquidator.
55 Termination by court
(1) This section applies where the court makes an order by virtue of section 6(6)(c) or 40(3)(d) for all the land in relation to which a commonhold association exercises functions to cease to be commonhold land. (2) The court shall have the powers which it would have if it were making a winding-up order in respect of the commonhold association. (3) A person appointed as liquidator by virtue of subsection (2) shall have the powers and duties of a liquidator following the making of a winding-up order by the court in respect of a commonhold association. (4) But the order of the court by virtue of section 6(6)(c) or 40(3)(d) may— (a) require the liquidator to exercise his functions in a particular way; (b) impose additional rights or duties on the liquidator; (c) modify or remove a right or duty of the liquidator.
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